Lula wants to attract Chinese investmentPublished at 1:55 pm on 4/7/2023, using Google Translate
Close to making his first official trip to China in his current mandate, President Luiz Incio Lula da Silva (PT) said last Thursday, 6th, that he will discuss with Chinese President Xi Jinping investment in new Chinese assets in the Brazil.
“I want the Chinese to understand that their investment here will be wonderfully welcome. But not to buy our companies. (And yes) to build new things, which we need. What we need is not to sell the assets we have, but to build new ones. That's what I want to convince my friends in China of.”
According to Lula, a Chinese manufacturer of electric cars is going to take charge of the last factory of the automaker Ford, in Bahia.
Lula's trip to China is scheduled for next Tuesday, the 11th. The country is Brazil's biggest trading partner. Among the agreements that the Brazilian president is going to sign is the formalization of commercial transactions with China in the Chinese currency, the Renminbi, no longer using the dollar.